In a Foreclosure by "Action and Sale," Deficiency Judgments Are

question 38

True/False

In a foreclosure by "action and sale," deficiency judgments are generally not permitted if the property sold is the residence of the debtor.

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Definitions:

Recommendation

An advice or suggestion given by someone, based on their knowledge or experience, intended to guide decisions or actions.

Request

The act of formally or politely asking for something.

Information

Data or facts received or given which are processed or utilized to inform or make decisions.

Action

The process or state of doing something or being active, often implying movement or the implementation of decisions.